Creative Financial Designs Inc. ADV Buys 720 Shares of Invesco QQQ $QQQ

Creative Financial Designs Inc. ADV boosted its stake in Invesco QQQ (NASDAQ:QQQFree Report) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,884 shares of the exchange traded fund’s stock after purchasing an additional 720 shares during the period. Invesco QQQ makes up approximately 0.8% of Creative Financial Designs Inc. ADV’s holdings, making the stock its 29th largest position. Creative Financial Designs Inc. ADV’s holdings in Invesco QQQ were worth $12,829,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. grew its position in Invesco QQQ by 11.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock worth $2,179,321,000 after purchasing an additional 375,581 shares during the period. PNC Financial Services Group Inc. grew its position in Invesco QQQ by 0.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,071,021 shares of the exchange traded fund’s stock worth $1,843,749,000 after purchasing an additional 8,038 shares during the period. Envestnet Asset Management Inc. grew its position in Invesco QQQ by 2.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 2,986,326 shares of the exchange traded fund’s stock worth $1,792,901,000 after purchasing an additional 64,025 shares during the period. Analyst IMS Investment Management Services Ltd. grew its position in Invesco QQQ by 68.6% in the 4th quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after purchasing an additional 712,026 shares during the period. Finally, US Bancorp DE grew its position in Invesco QQQ by 0.5% in the 3rd quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after purchasing an additional 7,378 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.6%

NASDAQ:QQQ opened at $701.53 on Wednesday. Invesco QQQ has a 12 month low of $505.58 and a 12 month high of $722.03. The company has a 50 day simple moving average of $632.36 and a two-hundred day simple moving average of $621.19.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were given a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco QQQ News Roundup

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

Further Reading

Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQFree Report).

Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

Receive News & Ratings for Invesco QQQ Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco QQQ and related companies with MarketBeat.com's FREE daily email newsletter.